tax cuts

Free Markets Made Davos. Now Governments Are Crashing the Party

Free Markets Made Davos. Now Governments Are Crashing the Party

In a memorable exchange at Davos last year, tech billionaire Michael Dell was explaining how higher taxes on the rich had never done much good anywhere, when he was contradicted. Actually, said Erik
Trump’s China Deal Is His Hedge Against Impeachment Damage

Trump’s China Deal Is His Hedge Against Impeachment Damage

Hours before the seven House Democrats managers marched articles of impeachment across the Capitol last week, President Donald Trump secured what he’s relying on to counter any political damage -- a
Trump Tax Cut Hands $32 Billion Windfall to America’s Top Banks

Trump Tax Cut Hands $32 Billion Windfall to America’s Top Banks

Savings for the top six U.S. banks from President Donald Trump’s signature tax overhaul accelerated last year, now topping $32 billion as the lenders curbed new borrowing, pared jobs and ramped up
Pelosi Calls Facebook ‘Irresponsible’ in Allowing Misinformation

Pelosi Calls Facebook ‘Irresponsible’ in Allowing Misinformation

House Speaker Nancy Pelosi called Facebook Inc. “very irresponsible” and “shameful” for the way the company allows false information to spread on its social media platform.
White House Plans Tax Cut, Hopeful of a Republican House Majority

White House Plans Tax Cut, Hopeful of a Republican House Majority

The White House continues to work on a new tax-cut plan in hope that Republicans will be in control of Congress after the 2020 elections, President Donald Trump’s top economic aide Larry Kudlow said.
The Unlikely Rise of the Trumps and Kushners

The Unlikely Rise of the Trumps and Kushners

In American Oligarchs, NPR’s Andrea Bernstein details the power grabs of a new political dynasty.
Brexit Bulletin: How Many Billions?

Brexit Bulletin: How Many Billions?

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U.K. Tories Court Votes With ‘Responsible’ Tax and Spending Plan

U.K. Tories Court Votes With ‘Responsible’ Tax and Spending Plan

U.K. Chancellor Sajid Javid drew election battle lines over tax and spending, accusing the Labour opposition of “reckless plans and ideological experiments” that would send foreign investors fleeing.
Johnson Pledges NHS Boost to Fend-Off Labour Attacks: U.K. Votes

Johnson Pledges NHS Boost to Fend-Off Labour Attacks: U.K. Votes

U.K. Prime Minister Boris Johnson sought to neutralize attacks by the opposition Labour Party by pledging to recruit 50,000 nurses and promising the National Health Service will not be “on the table”
FedEx CEO Challenges Publisher of the New York Times to Tax Debate

FedEx CEO Challenges Publisher of the New York Times to Tax Debate

FedEx founder Fred Smith described a NYT story on his company as an "outrageous distortion of the truth."
The White House is reportedly exploring the idea of cutting middle income tax rates to 15 percent

The White House is reportedly exploring the idea of cutting middle income tax rates to 15 percent

President Donald Trump's economic advisers have reportedly been looking at the possibility of cutting tax rates for middle-income earners to 15 percent, the Washington Post reported Tuesday.The story
Buttigieg Proposes Hiking Capital Gains Tax: Campaign Update

Buttigieg Proposes Hiking Capital Gains Tax: Campaign Update

Pete Buttigieg’s presidential campaign is proposing increases in the capital gains tax to pay for $2.1 trillion of domestic spending he outlined earlier Friday.
U.K. State to Return to 1970s Size Under Election Spending Plans

U.K. State to Return to 1970s Size Under Election Spending Plans

U.K. government spending is heading for a return to levels not seen for four decades regardless of who triumphs in the upcoming election, according to the Resolution Foundation think tank.
Brussels Edition: Populism Redux

Brussels Edition: Populism Redux

Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union. Sign up here to get it in your inbox every weekday morning.
Buttigieg Eyes 35% Corporate Tax Rate to Fund Health Plan

Buttigieg Eyes 35% Corporate Tax Rate to Fund Health Plan

Pete Buttigieg would pay for his $1.5 trillion health-care plan by rolling back President Donald Trump’s corporate tax cut to return the rate to 35% and allowing Medicare to negotiate drug prices,
There’s No Quick Fix for South Africa’s Hobbled Tax Agency

There’s No Quick Fix for South Africa’s Hobbled Tax Agency

The new head of South Africa’s tax agency says rebuilding the organization will be a long haul after management was “dismantled” and it lost public trust.
400 Richest Americans Paid Less In Taxes Than Any Other Income Group

400 Richest Americans Paid Less In Taxes Than Any Other Income Group

For the first time in U.S. history, the 400 wealthiest Americans paid less in taxes last year than people in any other income group, thanks to decades of tax cuts and loopholes benefiting the rich. A
PM Johnson Woos U.S. Investment with Post-Brexit Lower Taxes, Regulation Cuts

PM Johnson Woos U.S. Investment with Post-Brexit Lower Taxes, Regulation Cuts

Prime Minister Boris Johnson has said that he will “roll out the red carpet” to American businesses, hinting at major reforms post-Brexit to taxation and regulations which would expand Britain’s
Exclusive--Ortiz: New Census Data Further Destroys Democrats' Economic Claims

Exclusive--Ortiz: New Census Data Further Destroys Democrats' Economic Claims

At least Democrats are on message. The party even launched a campaign this summer in seven battleground states to make the case that the Trump economy is actually bad.